Fraud Investigations Manager

Fraud Investigations Manager

Abu Dhabi Islamic Bank
9-10 years
Not Specified

Job Description

Role : Fraud Investigations Manager (UAE National)
Location : Abu Dhabi

Role Purpose:
Plan, lead and participate in fraud investigations in line with the Fraud Investigation Policy & Procedure, under the guidance of the Head of Fraud Investigations. Key Accountabilities of the role
  1. Lead and participate in Fraud Investigations and Examinations in line with Fraud Investigation Policy & Procedure, ACFE Code of Ethics and IIA International Standards for professional practice of Internal Auditing.
  2. Lead and participate in investigation of suspected fraud incidents to determine the occurrence of fraud, its exposure, root causes, parties involved (both internal & external) and provide appropriate recommendations to respective stakeholders.
  3. Assist Head of Fraud Investigations in conducting fraud & misconduct investigations, special reviews and in building a strong Anti-fraud culture within ADIB.
  4. Assist in maintaining an up-to-date Fraud Investigation Policy & Procedure which guides the investigation process.
  5. Identify and discuss the control issues identified during the course of investigations with the respective stakeholders.
  6. Coordinate with HR, Business Line, Legal, Operations & Technology, Risk Management, Compliance and Corporate Governance, etc. to communicate and obtain requisite information to facilitate investigation process.
  7. Draft investigation findings summarizing the results of fraud examination work in line with the Fraud Investigation Policy & Procedure and submit to Head of Fraud Investigations.
  8. Perform peer quality review on the investigation findings draft reports issued by the respective investigators for final review by Head of Fraud Investigations.
  9. Responsible for investigation working paper documenting evidences supporting the investigation conclusion and legal process.
  10. Responsible for follow-up and monitoring of investigation recommendations and corrective action plan implementation by management.
  11. Overseeing and follow-up on the actions proposed by the FID team and escalate as necessary (overdue, rejected, work-in-progress, etc.)
  12. Participate in special assignments and consultancy services pertaining to Fraud Investigations Department as directed.
  13. Support GORM to undertake Special Reviews and Consultancy services.
  14. Perform additional tasks as assigned by Head of Fraud Investigations and GORM/GRM Management.
  15. Assist Head of Fraud Investigations and Head of Fraud Risk Management in implementing a robust Antifraud framework andcreating an Antifraud culture
  16. Provide input for the revision of investigation approach to achieve specific objectives in more effective/efficient manner.
  17. Keep informed about improvements and current developments in banking environment, and in fraud examination and investigation standards, procedures, and techniques.
  18. Represent Fraud Investigations Department in committees such as Fraud Risk Management Committee, Operational Risk Provisioning Committee, etc., as deemed required by Head of FID.
Specialist Skills / Technical Knowledge Required for this role:
  1. Bachelor's degree in Business Administration, Economics, Accounting or Finance from a recognized institution. Certification such as CFE (Certified Fraud Examiner), CFCI (Certified Financial Crime Investigator) and CIA (certified Internal Auditor) will be an added advantage.
  2. Minimum 9-10 years experience in Fraud Investigations in financial service industry, extensive knowledge in fraud examination, fraud management, internal control, risk management and corporate governance processes.
  3. High degree of analytical, reasoning/judgmental skills. excellent communication (writing & verbal) skills, good leadership skills, PC literate.
  4. This role is open for UAE National candidates ONLY.

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